Forum Replies Created
We process many expat loans for clients in the UK, Asia and the Far east and 80% is not a problem.
The other option is to consider a foreign currency loan in the currency in which you are earning overseas.
We do many of these in British Pounds for clients working in and living in the UK where the Aussie Bank takes the Australian investment property as security and repayments are made in the local currency. The interest rates are often more favourable as they again are set at the local rate i.e in the UK set against 3 or 6 month LIBOR.
For clients living and working in Asia the choice is Hong Kong or Singapore Dollars with interest rates at rates between 3.6% – 5.5%
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Daniel
You are on i will leave you my address.
What do recon about as much chance of the Wallabies winning another Test Match in 2005.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Westan
To me it has to be Gillespie as Peiterson needs to score another quick century.
Oh to be an Englishman for once.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Hav11C
From Gemworths website
1 Year or Less – 40% refund
Over 1 year to 2 years – 20% refund
No refund is payable where:
1) The amount payable i sless than $150
2) A loss has eventuated.
3) The loan was reported to be in a arrears.
4) The lender does not notify GE within 3 months of the loan being fully repaidWith PMI
1 Year or less 40% refund.
1 Year or more – NilMinimum refund os $200 rather than $150
Certain other criteria also apply.
Think TT might be slightly offline with their comments.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Loan Wolf
Feel free to email me and i will send you back a basic Call Option contract we use in Qld.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Hi DE Harding
80% lodoc for constructions is certainly available at standard variable rates.
Whilst higher than 80% is also obtainable this attracts a higher rate of interest.
Feel free to email me more details and i would be happy to point you in the right direction.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Bris
Yes they do in Salisbury for a cashflow game.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Phoenix
Sven may have apologised but with 7 first teams out and wanting to pander to the nordic nations what do you expect.
At least we will be in Germany more than you can say for the Aussies (oh thats right i forgot they want the easy Oceania route becuase the Soloman Island where putting up tough opposition)
Westan i am 41 too and i remember England winning the 66 World Cup sat and watched it on my fathers knee.
As for the Ashes lets carry this post on after the 4th Test. All you can say thank god Billy Bowden is not standing in the middle for that one.
Bring back Dickie Bird all is forgiven.
Oh don’t you love the friendly banter.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
brownbear
No one else seems to offered assistance on this one. Feel free to email me if you need some ideas and a bit of mentoring.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Hi Nicola
Unfortunately due the nature of the forum I am unable to provide you with advice but hope i can offer a few suggestions.
Firstly, i assume that the Vendor is a private seller and not the original developer or the resort themselves. Why is he / she selling?
I think you need to check very carefully that occupancy rate is that all the year around as it seems high from a lot of the deals I have financed.
Secondly make sure that you are buying the property purely and utterly on the numbers and not as a place you would like to go and stay.
Buy from the hop pocket and not the heart when investing.
Also check very carefully what intended future expenditure you are up for and if the resport has any plans to ungo refurbishment.
One issue is that new resorts always bring a better return than the older ones and capital is needed to keep the older resports upto scratch.
On the finance side a lot of lenders struggle if the unit is in the management pool and cut back their lending ratios. Feel free to email me if you need assistance on this one.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Never been there myself but have had clients invest there.
Have you not looked at regional Qld prices are very favourable still.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Poms to win the next 2 tests.
IT Botham comes out of retirement and makes a reappaearance in Test 5 scring a triple century and take a 10 fa.
Ranked No 2 in the World Cricket ranking which will be 1 after the Ashes.
Rugby Union World Cup holders.
Ranked 1,2 & 3 in World Snooker.
I could in but i wont for the locals sake.
England are back mark my words. Its all down hill for the Aussies
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Brizza
The last owner build deal i did with the NAB was capped at 80%.
Depending on which part of brisbane you are i can email you the contact number for the best NAB mobile lender going around.
Nothing is too much trouble for him.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Hi Jenaseire
Fear not it’s a common problem i see with clients unsure as to what their next move should be to obtain the dream. Most of them are worried that if they do 1 thing they will not be able to do another.
Firstly you mention that you are renting which as we all now is dead money. Interest can also be described as dead money on your own PPOR but at least you are getting somewhere in achieving your dream of home ownership.
You Cash Investment is generating 8% and i guess that you think if you use all of the money as a deposit then you will not be able to consider other investment choices.
Remember you 8/10% is Taxable and therefore dependant on what Tax bracket you are in will reduce accordingly. Imagine you could obtain an on call account paying 7.17% Tax Free would you be interested?
Well it is all about loan structure. The cheapest interest rate in the market does not always mean that it is the best product on the market.
Establishing any loan correctly with a firm flexiable base enables you to develop your investment ideals without forgoing your capital.
It is not difficult to have your home and still trade your investments with clever use of your available capital.
Feel free to email me a few more details and i woul dbe happy to help you further.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Clarebear
I dont think you will find anyone will offer you free title searches.
Companies like RP Date charge for their service either by way of a monthly fee or for each individual search.
Searches are not expensive for example in Qld you are looking at a base price of $11.50
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Ok Devil
If we are looking at 95% on each then Pioneer have a maximum loan of $1Million.
The early repayment penalties vary dependant on which year you pay the loan out.
2.5% down to 1.5% in years 1-5.
If you stay in for 3 years then your 8.99% rate will fall anyway.
Unfortunately, at that level of borrowing they need to make up there money some how.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Mallowe
Must be both you and my lucky night.
If you want to send me an email i have a simplified Option Agreement we use on our development projects.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Yes Pioneer does reduce its rate after a 3 Year period.
I assume you are referring to an <80% lodoc lend?
If so $900K – $1Million is obtainable.If you want to give us all some actual figures we can give you more information.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Mallowe
If you can give me a couple of days as i am trying to recover data after a complete computer crash i have just the document you will want.
Or if not it can certainly be adjusted to suit.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Well guys thats 3 Brisbanites already.
We almost have a quorum?
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
